Florida League of Cities

Tangible Personal Property Tax Exemption Implementing Bill (Monitor) – Failed

HB 7077 (Alvarez) is the implementing bill for HJR 7075 if it is voter-approved and would increase the tangible personal property exemption from $25,000 to $50,000. The bill would require that the Legislature appropriate funds to offset reductions in ad valorem tax revenue experienced by fiscally constrained counties. (Chapman)